Private Equity
The infrastructure market is too underdeveloped to be worth the risk, the $30.5bn pension said, deciding to hold off on committing to the asset class.
2 min read · 05 January 2013
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners.
10 min read · 05 January 2013
General partners have to ‘open their minds’ to investor concerns about fees, control and transparency while limited partners have to move away from the ‘who’s to blame’ conversations, according to David Hodes and Doug Weill.
2 min read · 05 January 2013
Apollo’s IPO filing with the SEC includes pay details showing CEO Leon Black collected $787,391 last year, including $140,202 for car and driver.
2 min read · 05 January 2013
A recent bill introduced by US Senator Christopher Dodd maintains SEC registration exemptions for private equity and venture capital funds.
2 min read · 05 January 2013
US mall owner Simon Property Group has bought the outlet centre operator Prime Outlets from the private equity firm founded by David Lichtenstein for a reported $700m in cash and the assumption of debt.
2 min read · 05 January 2013
A pilot scheme would allow the conversion of up to 50% of an RMB fund from foreign currency, removing a huge hurdle facing foreign investors seeking access to China's private equity market.
3 min read · 05 January 2013
With $5.64bn in commitments, Global Infrastructure Partners is the largest independent first-time infrastructure fund ever organised. Three years after the firm’s launch, the bulk of the fund is yet to be invested, and with markets still in disarray, new investments are difficult to close. But Adebayo Ogunlesi, the man in charge, isn’t in a hurry. Chris Josselyn and Philip Borel find out why.
9 min read · 05 January 2013
The fundamental principles of successful private equity investing that were true 30 years ago remain true today. Sticking to the fundamentals will usually lead to success, writes David Turner.
3 min read · 05 January 2013
Extended Stay’s board has backed the offer from Starwood, TPG and Five Mile, saying it would value the bankrupt company at $3.9bn.
2 min read · 05 January 2013
